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See how verdicts work2-bedroom flat · NE25 9NY
Listing removedListed 253 days
Opportunity summary
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About
BRIGHT AND SPACIOUS, WELL SITUATED TWO BEDROOM FIRST FLOOR APARTMENT WITHIN A HIGHLY SOUGHT AFTER AREA IN WEST MONKSEATON, CLOSE TO EXCELLENT SCHOOLS AND OFFERED WITH NO UPPER CHAIN Brannen and Partners are delighted to bring to the market this attractive apartment, which benefits from generously sized bedrooms and a well-proportioned living area.
The property also features an en suite shower room, communal gardens, a designated parking bay, and a security entry-phone system, making it ideal for a range of buyers.
A well-presented first-floor apartment briefly comprising a welcoming entrance hallway with a fitted storage cupboard, providing access to all rooms.
The property boasts a spacious open-plan living area, offering ample space for both relaxing and dining, seamlessly flowing into the kitchen.
The kitchen is well appointed with a range of storage units, electric hob, oven and overhead extractor fan, along with a fridge,freezer and plumbing for a washing machine.
There is also a waste disposal. There are two bedrooms, both overlooking the rear of the property.
The principal bedroom is a generous double and benefits from an en-suite shower room, while the second bedroom is well proportioned and versatile.
The en-suite comprises a shower cubicle, WC, wash hand basin and heated towel rail. The main bathroom is fitted with a WC, wash hand basin, bath with overhead shower and heated towel rail.
Externally, the property further benefits from an allocated parking space and communal gardens.
Orchid Mews is an attractive residential development located on Thorntree Drive, conveniently positioned close to local shops and well-served by regular bus routes providing easy access to Whitley Bay town centre.
The area is also well regarded for its excellent local schools.
Entrance Hallway - 2.64 x 1.38 (8'7" x 4'6") - Living Room - 4.48 x 3.18 (14'8" x 10'5") - Kitchen - 2.70 x 1.80 (8'10" x 5'10") - Bedroom - 4.52 x 2.82 (14'9" x 9'3") - Bedroom - 3.03 x 2.37 (9'11" x 7'9") - En Suite - 1.47 x 1.81 (4'9" x 5'11") - Bathroom - 2.35 x 1.81 (7'8" x 5'11") - Tenure - Leasehold 125 years from 1 July 2006
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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FAQ
About Orchid Mews, Whitley Bay
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